This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

SMILE DOCTORS 515 Parkview St

3,748 SF Office Building Wauseon, OH 43567 $979,200 ($261/SF) 9.50% Cap Rate

Investment Highlights

  • Tenant Investment in Location: Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients
  • Recent Lease Execution: Smile Doctors acquired the practice in 2023 showing their long-term commitment to the location.
  • Streamlined Expansion: Smile Doctors expands by acquiring existing practices that are already established within the community
  • Growing Business Model: In 2017, 7.4% of dental practices were affiliated with a dental support organization. By 2020 this number grew to 10.4%
  • Ideal Investment: This deal has a low barrier to entry for investors because of its attractive price point and high return.
  • Best-in-Class Tenant: Smile Doctors is one of the most sought-after tenants in the Healthcare space, recognized as one of the largest dental companies

Executive Summary

Broker of Record
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,748 SF
Building Class
B
Year Built
1969
Price
$979,200
Price Per SF
$261
Cap Rate
9.50%
NOI
$93,024
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,748 SF
Building FAR
0.18
Land Acres
0.49 AC
Zoning
B1

Amenities

  • Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-011100-00.000
Land Assessment
$6,970
Improvements Assessment
$84,320
Total Assessment
$91,290
  • Listing ID: 33694712

  • Date on Market: 10/30/2024

  • Last Updated:

  • Address: 515 Parkview St, Wauseon, OH 43567

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}